We would love to hear your thoughts about our site and services, please take our survey here.
Something of substance needs to be announced by ALBA if they have any wish to address the chart which looks like a ski jump slope. It's pretty straightforward, and they would know that they need to show some gold which has been produced from the God knows how many drills they have done. They have done all the talk and bluster over many many months, they have got excited, they have been chomping at the bit, so where is it?
Yes Ham...There will be a few on here who lie to their wives about exposure. Little tip for you...Beware them creeping up behind you as you are staring into the computer screen. I got captured like that..
For weeks there has been no let up in the selling, untold millions dumped after every supposed positive RNs. That is not only puzzling but also quite disconcerting...After all, we are just ordinary people who after doing our due diligence on a company then make our investment decisions based on listening and reading what company insiders say. Normally...you can't shut GF up, but recent weeks have seen him keep a lower profile. that could be seen as strange...Or what about Ms Henson?
"Elizabeth has an established and substantial contact base consisting of some of the wealthiest entrepreneurs and high net worth individuals from the UK and across the globe".
No sign of any of her contacts lumping on is there?
I fear the worst for you Ham...
I should also point out that I hope I am completely wrong about our Welsh assets, I will gladly put my hands up if some gold is produced.
Alba's Project and Investment Portfolio
Surely this lot is worth much more than £15m?? But the market says no..
Project (commodity) Location Ownership
Mining Projects
Amitsoq (graphite) Greenland 100%
----------- ----------
Clogau (gold) Wales 90%
----------- ----------
Dolgellau Gold Exploration
(gold) Wales 90-100%
----------- ----------
Gwynfynydd (gold) Wales 100%
----------- ----------
Inglefield (copper, cobalt,
gold) Greenland 100%
----------- ----------
Limerick (zinc-lead) Ireland 100%
----------- ----------
Melville Bay (iron ore) Greenland 100%
----------- ----------
TBS (ilmenite) Greenland 100%
----------- ----------
Oil & Gas Investments
Horse Hill (oil) England 11.765%
----------- ---------
Hi Yanis
Welsh interests wont save ALBA until they actually show the gold, otherwise it's just more holes and associated expense. I can honestly say I haven't sold a share as yet, but like others i suspect we all feel misled. The market doesn't often get it wrong and for many many weeks this has dropped whilst others perhaps better informed have bailed out. I honestly can't be bothered to go through all the RNs released by ALBA or the podcasts to see the Grin of GF and how excited they all were at their latest discovery. Share price soared on the strength of his many comments only to be hit with sell after sell. Am i suspicious? You bet I am...especially seeing that nothing has been produced.
When i saw the headline of todays RNs, i thought to myself finally...But no...Just more holes to be dug and further soothing words from Mr Grin. When is this company actually going to produce some gold? We hear about quartz, excitement, past drills etc but nothing is produced. Is this new exclusive license to drill just another way of saying we can't find anything where we have drilled up to date? If they had announced that they had already found gold and were now expanding the site then fair enough, but they just go from month to month on a song and a prayer trying to find gold, and to date they have failed miserably. When GreenRoc finally gets launched it may save the ALBA share price, because Welsh interests certainly wont.
Thanks Fishfaced. Concerning is it not? I suggested the other day that ALBA are now concentrating on Greenland as opposed to Clogau praying it gets them out of trouble with shareholders who quite rightly could assume we have been misled. From being full of hope after the full scale charm offensive from Mr Grin and his mate..we are now thinking what the hell is going on in Wales? Share price has been suggesting all was not well in Clogau for many weeks. The city certainly don't believe them ,and perhaps those who know more than us have been dumping for quite a while.
All the smooth words from management regarding Clogau have resulted in not one gram of gold being produced. We all remember the positivity which came from both George and Mark and we bought shares on the strength of it. After many many months nothing...In fact it has all gone deathly quiet on the gold mines until the next load of holes are dug. They seem to now be focusing purely on Greenland, missed the first deadline obviously...We could be alright however as i feel the Greenland asset has been valued very conservatively. Therefore should that prove to be the case and once listed the share price goes up it will benefit ALBA. But what has happened to the gold from Clogau? Not good enough in my opinion, i feel like it is heading towards being a dead duck and they are now relying on Greenland to bail them out.
Sentiment still very low even on reasonable news received this morning. Lots of holes dug both in Wales and Greenland but talk of next years drilling in Greenland just doesn't do it for the fickle AIM crowd, who think holding a share for a week is a lifetime. Clogau gone quiet hasn't it? I believe that is what is forcing the price down, lots of talk, big grins, loads of promise, hitting quartz, more holes etc...Hasn't come up with a gram of gold to show shareholders. That in itself is bitterly disappointing given the time they have had.
Volume today is the lowest i can remember for quite a while, interest in ALBA isn't fading, it is dying a very slow death. All we can do is watch for the volume to increase with hopefully buyers, which would signal things are better than the SP is suggesting.